Resolutions by the Annual General Meeting of Municipality Finance Plc held on 17 May 2024
2024年5月17日 - 7:00PM
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Resolutions by the Annual General Meeting of Municipality Finance
Plc held on 17 May 2024
Municipality Finance Plc
Stock exchange release
17 May 2024 at 1:00 pm (EEST)
Resolutions by the Annual General
Meeting of Municipality Finance Plc held on 17 May
2024
The Annual General Meeting (hereinafter the AGM)
of Municipality Finance Plc (MuniFin) held on 17 May 2024 adopted
the company’s financial statements and discharged the members of
the Board of Directors (the Board), the CEO, and the Deputy to the
CEO from liability for the financial year 2023.
Use of Profit Shown on the Balance Sheet
and the Distribution of Dividend
The Annual General Meeting decided that a dividend of EUR 1.69 per
share, totalling 66,017,818.62 EUR shall be paid out. Dividends
will be paid on 28 May 2024 or as soon as possible thereafter to
each shareholder who is registered in the company's shareholder
register maintained by Euroclear Finland Ltd on the record date of
dividend payment on 21 May 2024.
Remuneration and Composition of the Board
The AGM decided on the remuneration for the members of the Board
for the term from the closing of the 2024 AGM, to the closing of
the next AGM (the Term 2024–2025) as follows:
- annual fixed remuneration of a Board
member EUR 25,000;
- annual fixed remuneration of the
Vice Chair of the Board EUR 29,000;
- annual fixed remuneration of the
Chair of the Risk or Audit Committee EUR 31,000;
- annual fixed remuneration of the
Chair of the Board EUR 45,000; and
- for each Board and committee meeting
as well as for each meeting required by the authorities, to the
members, a fee of EUR 600 per meeting attended and to the chairs,
EUR 950 per meeting attended.
The annual remuneration of the Chair of the Board was increased
by EUR 3.000, the annual remuneration of the Vice Chair of the
Board and the Chairs of the Risk and Audit Committees was increased
by EUR 1.500 and the annual remuneration of a Board members was
increased by EUR 1.000. No amendments were made to the meeting
fees.
The AGM decided to elect eight members to the Board for the Term
2024–2025 and to re-elect the following current members: Ms. Maaria
Eriksson, Mr. Markku Koponen, Mr. Kari Laukkanen, Mr. Tuomo
Mäkinen, Mr. Denis Strandell, Ms. Leena Vainiomäki and Mr. Arto
Vuojolainen. In addition, the AGM decided to elect Ms. Elina
Stråhlman as a new board member.
The CEO’s Review
Esa Kallio, the President and CEO of MuniFin, discussed the
development of the company in 2023, stating that it was the fourth
consecutive year marked by instability. The increasing geopolitical
tensions and market fluctuations did not significantly affect the
operational capacity of MuniFin. MuniFin was able to, without
disruption, fulfill its core mission of securing cost-effective
long-term financing for its customers. Regarding the long-term
financing of wellbeing services counties, the CEO emphasized that
this is constrained by the annual limit of EUR 400 million set by
the Municipal Guarantee Board, because wellbeing services counties
are not members of the Municipal Guarantee Board. From the
perspective of the development of public sector financing costs, it
would be important for wellbeing services counties to become
members of the Municipal Guarantee Board and thereby share the
guarantee responsibility for the funding used in wellbeing services
counties. Finally, for 2024, the CEO also stated that MuniFin has
decided to terminate the business operations related to the
advisory services provided by its subsidiary Rahoituksen
neuvontapalvelut Inspira Oy, as the related business acquisition
with FCG Finnish Consulting Group Oy fell through.
Election and Remuneration of the Auditor
PricewaterhouseCoopers Oy was elected as the company’s auditor with
Jukka Paunonen, Authorized Public Accountant, as the principal
auditor. The auditor’s fees will be paid against the invoices
approved by the company.
Constitutive Meeting of the Board
At its constitutive meeting, the Board appointed Kari Laukkanen as
the Chair and Maaria Eriksson as the Vice Chair of the Board. The
following persons were appointed to the Remuneration Committee:
Kari Laukkanen as the Chair, and Leena Vainiomäki and Maaria
Eriksson as members. The following persons were appointed to the
Audit Committee: Markku Koponen as the Chair, and Tuomo Mäkinen,
Elina Stråhlman and Denis Strandell as members. The following
persons were appointed to the Risk Committee: Leena Vainiomäki as
the Chair, and Maaria Eriksson, Kari Laukkanen and Arto Vuojolainen
as members.
Additional information on the company’s operations in 2023 is
available in the company’s Annual Report, which is available for
downloading in PDF format at the company website
www.munifin.fi.
MUNICIPALITY FINANCE PLC
Esa Kallio
President and CEO
tel. +358 50 337 7953
MuniFin (Municipality Finance Plc) is one of Finland’s
largest credit institutions. The owners of the company include
Finnish municipalities, the public sector pension fund Keva and the
Republic of Finland. The Group’s balance sheet totals close to EUR
50 billion.
MuniFin builds a better and more sustainable future with its
customers. Our customers include municipalities, joint municipal
authorities, wellbeing services counties, joint county authorities,
corporate entities under the control of the above-mentioned
organisations, and affordable social housing. Lending is used for
environmentally and socially responsible investment targets such as
public transportation, sustainable buildings, hospitals and
healthcare centres, schools and day care centres, and homes for
people with special needs.
MuniFin’s customers are domestic but the company operates in
a completely global business environment. The company is an active
Finnish bond issuer in international capital markets and the first
Finnish green and social bond issuer. The funding is exclusively
guaranteed by the Municipal Guarantee Board.
Read more: www.munifin.fi
Municplty 20 R (LSE:64EG)
過去 株価チャート
から 9 2024 まで 10 2024
Municplty 20 R (LSE:64EG)
過去 株価チャート
から 10 2023 まで 10 2024